Linglong Tire: Serbia Factory Overall Production Capacity Utilization Rate Exceeds 80%

According to Hong Kong Wind Information Agency, on September 26, an investor asked Linglong Tire about the current capacity of the Serbian factory. What are the capacities for full steel and semi-steel tires, respectively? When is the Serbian factory expected to reach its projected capacity? Will the Serbian factory be able to achieve profitability this year? Are the current raw material prices stable or have they decreased compared to the previous period?

In response, Linglong Tire stated on September 29 on the investor interactive platform that: 1. As of August 25, the overall capacity utilization rate of the company's Serbia factory exceeded 80%, with the semi-steel capacity utilization rate close to 87.5% and the all-steel capacity utilization rate close to 74%. It is expected that the production lines for 12 million semi-steel and 2.4 million all-steel tires will be fully completed by the end of 2025. With the continuous release of capacity and the ongoing increase in production and sales scale, the Serbia factory aims to achieve profitability as soon as possible. 2. The company's raw material procurement costs in September have slightly increased month-on-month, following market price fluctuations.